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Billionaires Index

Nearly All Wealth Gained By World’s Rich This Year Comes From AI

 Nvidia Corp. co-founder Jensen Huang's wealth has surged as a blistering rally in AI-related stocks pushed the chipmaker's market value above Amazon.com Inc.'s for the first time.  The same rally has minted another billionaire in Huang's own family: his distant cousin Lisa Su, chief executive officer of Nvidia competitor Advanced Micro Devices Inc., who's worth $1.2 billion after the stock doubled over the past year. Two chipmaker billionaires in one family illustrates the scope of the artificial intelligence craze,…

Elon Musk’s Wealth Slumps $13.6 Billion as Tesla Shares Tumble

Elon Musk's fortune slumped $13.6 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling.The drop in net worth to $241 billion further narrows the wealth gap between Musk and Bernard Arnault, the world's two richest people, according to the Bloomberg Billionaires Index. Musk's fortune still exceeds that of Arnault, chairman of luxury goods maker LVMH, by about $40 billion. Shares of Austin-based Tesla dropped 7% to $271.02 at 11:30 a.m. in New…